Executive Order 9699—Re-establishing the Office of Economic Stabilization

By virtue of the authority vested in me by the Constitution and statutes, including section 2 of the act of October 2, 1942, 56 Stat. 765, and Title I of the First War Powers Act, 1941, and as President of the United States, it is hereby ordered as follows:

1. The Office of Economic Stabilization, established by Executive Order No. 9250 of October 3, 1942, together with an Economic Stabilization Director at the head thereof, is hereby re-established, with the same functions, powers, and duties which it possessed immediately prior to the issuance of Executive Order No. 9620 of September 20, 1945. All functions, authority, records, property, personnel, and funds of the Office of the Stabilization Administrator designated pursuant to Executive Order No. 9620 are transferred to the Office of Economic Stabilization, including the functions and authority vested in the Stabilization Administrator by Executive Order No. 9697 of February 14, 1946.

2. The Economic Stabilization Board, established by Executive Order No. 9250, is hereby re-established on its former basis in the Office of Economic Stabilization Director as Chairman, the Secretary of the Treasury, the Secretary of Agriculture, the Secretary of Commerce, the Secretary of Labor, the Federal Loan Administrator, the Chairman of the Board of Governors of the Federal Reserve System, the Director of the Bureau of the Budget, the Chairman of the Securities and Exchange Commission, the Price Administrator, the Administrator of the National Housing Agency, the Chairman of the National Wage Stabilization Board, and two representatives each of labor, management, and farmers to be appointed by the President.

4. All prior Executive orders in conflict herewith are amended accordingly.

HARRY S. TRUMAN

THE WHITE HOUSE,

February 21, 1946